Solution-What was the amount of interest paid

What was the amount of interest paid

Reference no: EM131015517

A company reported interest expense of $580,000 for the year. Interest payable was $30,000 and $70,000 at the beginning and the end of the year, respectively. What was the amount of interest paid?

$540,000.
$650,000.
$610,000.
$620,000.

Reference no: EM131015517

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What was the amount of interest paid

Reference no: EM131015517

Reference no: EM131015517

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